Preview starts for Coastal Cabana executive condo project next to Downtown East
Prices of three-bedders start from S$1.438 million for a 872 sq ft unit, reflecting S$1,649 psf
[SINGAPORE] A consortium comprising Qingjian Realty, Forsea Holdings, ZACD Group and Jianan Capital began previewing the Coastal Cabana executive condominium (EC) project in Pasir Ris on Saturday (Dec 6).
E-applications, which opened on the same day, will close on Dec 21. The sales launch will begin on Jan 17, 2026.
ECs are a public-private housing hybrid, with initial buyer eligibility and resale restrictions that are completely lifted 10 years after an EC project has been completed.
Located next to the Downtown East leisure and entertainment hub, Coastal Cabana’s 748 units comprise three-, four- and five-bedroom apartments.
Prices of three-bedders start from S$1.438 million for a 872 sq ft unit, which works out to S$1,649 per square foot (psf). Prices of four-bedders begin from S$1.623 million for a 990 sq ft unit, which translates to S$1,639 psf.
The developer has not yet released the project’s average psf pricing. Market watchers expect the number to fall in the S$1,700 to S$1,800 psf band.
Two EC projects were put on the market earlier this year. At the 760-unit Aurelle of Tampines, 682 units were sold during the launch weekend in March. As at Dec 5, just a handful of unsold units remained in the project.
In July, 351 of the 600 units in the Otto Place development were sold during the launch weekend. As at Dec 5, the project was left with around 20 unsold units.
Huttons’ analysis of URA Realis data downloaded on Dec 5 showed that Otto Place achieved an average selling price of S$1,757 psf and Aurelle of Tampines, S$1,766 psf.
Mark Yip, chief executive officer of Huttons Asia, said that the two projects have garnered strong interest due to their attractive price points and connectivity options. “ECs offer buyers similar lifestyle options to private residential projects at a very affordable quantum,” he added.
Coastal Cabana is being developed on a 99-year leasehold site in Jalan Loyang Besar that was sold for S$557 million, or S$729 psf per plot ratio, at a state tender that closed in August 2024.
The development will comprise 16 blocks, four of which will be 11 storeys high; the remaining 12 will have 12 storeys.
The quad of 11-storey blocks will include units on the sixth floor and upwards that will have sea views. Two of these blocks will have a communal roof terrace open to all residents in the development.
The project will have 350 units of three-bedroom apartments ranging from 872 to 915 sq ft. The 376 units of four-bedders are between 990 and 1,206 sq ft. The 22 units of five-bedroom apartments are 1,367 to 1,421 sq ft.
The sales gallery is in Eunos Avenue 3.
E-applications for first- and second-time buyers will be balloted by the Housing & Development Board. The results of the balloting will be made known by Jan 13, and applicants with a ballot queue number will be given an appointment date and time to book their units.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
